would be nice for a change!
It's up to the company, if what they have shared with us before they went silent is all true, then I'm not that far off in my little scenario, imo.
If they get an mm on the new exchange that will support the stock based on the book value of audited numbers as a starting point, this sees dollarland no problem after uplisting, imo.

I hope the auditor finds out
that there is a rather large discrepancy in the share count, and some broker and/or hedge fund that has been shorting this thru various mm's gets a wake up call when the uplist is announced. If the company then puts out some audited numbers along with some great pr's, shorty will be boo-hoo-ing all over these message boards, lol.
sniff sniff ;)
They'll say, "but but but the OS is over 300 million!" and the reply will be, "Yeah so what, most of it is restricted, and you sold against it, now go buy back what you naked shorted!"
"But but but we only shorted 70-100 million, can't you give us a break!"
"Nope, suck it up, and by the way, did you see the latest audited numbers from the company? Looks like their Book Value could be in the dollars, WOW, that's going to leave a mark, hahahahhaha!"

imo, of course ;)

very good allez,
uplisting here we come.........normal steps.
I wonder when it becomes official?
We'll obviously know soon!

http://www.otcbb.com/asp/dailylist_detail.asp?d=07/29/2008&mkt_ctg=ALL

on the Daily List:

13:49 7/30/2008 AFAO AFA Music Group, Ltd. Common Stock AFAI AFA Music Group, Ltd. Common Stock New 1-50,000 R/S **

1:50,000 r/s just posted, lol!

1-200 r/s just posted~eom

interesting post from another board,
I wonder if the same mm's are doing this to RCCH? imo, they are~

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=30853510

I'll be there TT, let me know!
After what I've been thru lately I could use a good time to 'unwind' and abuse the liver lol ;)

1-1000 r/s just posted~eom

I'd like to see that headline with
SEC to force covering of naked short sold shares of BCIT~
Oh wait, they are going to have to cover it whether they put it in a pr or not, that Rule 203 routine lol!

congrats banch! all the best to you and yours~ mainuh

thx mikeymac,
straight from the man himself, good enough for me~

thx for the IBIE info!
lot of good stuff in there~

when you get that,
send it along when ya get the chance, thx!

spot palm oil futures in Asia going at
3511 ringgits at the moment~
pulled back from higher levels last week~

and here is Kudlow commenting on it last year~
http://kudlowsmoneypolitics.blogspot.com/2007/08/what-was-sec-thinking.html

And to top it off, the mm's are naked shorting against the OS here, and I hope they get caught big time, they are calling the TA everyday just hoping for an increase, everytime there is one they sell what they don't have, imo~

not true,
uptick rule was abolished last year I believe, SEC made sure of it, check it out. There is no need for any short to wait for an uptick, with the uptick rule gone.
Retail can most certainly short pennies, all you need is the cash (about 3-4 bucks a share, depending on broker) setting in your account, to back up the amount of shares you want to sell short, just ask your broker~
That makes it cost prohibitive to most of the penny flippers you see on the hub, imo.
Try any full service broker that isn't a 'point-n-click-' outfit, if you got the cash, you can short to your hearts content.

happy b-day newbie, lol!
bye, toodle-loo!

Mainuh

not on todays list~

July 3, 2008
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if this moves up to 10-30$.........
all I can say in my best Homer Simpson voice is:

WOOHOO!!!!

lmao~

allez,
American Depository Receipt

allez,
if they list it that way it would make your life easier trading, as well as ours, hope they consider it with the exchange move.

you are very welcome,
glad I could help!
That's what these boards are for~

good question, I like the adr option,
as well as the other exchange listing, can't wait to see what it will finally be, the next few weeks here could get crazy, imo~
Whatever or wherever it ends up has got to be better than pinkyland for sure lol~

TT, way up!
when you get a 10% reduction in shares that have been naked shorted by our illustrious mm's, things could get dicey for them next week ;)
imo!

now this is more like it, lol~
what was that putz jj saying again?!?!
Oh yeah, who cares!
lmao!

awesome, thx ghcnj! eom~

ACG, got a question for ya!
I've been trying to figure out the relationship of price in a soybean oil contract (hope that makes sense!)
Specifically, I notice it goes for $67,(give or take a few pennies) and the contract is for 60,000 lbs with a $6 per penny move.
Now, how do I figure out the price per lb of soybean oil?
Just trying to ballpark the price per pound, and I don't think you just take the 67 figure and divide it by 60,000, or do you?
Straighten me out when you get a chance, thanks!

Mainuh

a very plausible scenario, imo~
playing on the mm's greed, as they cannot resist shorting whenever possible of a pink.
If Newton does indeed do that, my hat's off to him!

Mainuh

until the company can speak about when and where the uplist will occur that's about where this stands.
But with all the verifiable dd it's about the best roll in pennyland at the current pps, imo.
Of course it's a chance you take when you buy a pink, but if it does do what they say, it will be well worth the wait and aggravation, if not, then it joins the club of so many other pinks.
My bet is this will make it big, in the third quarter, that's why I'm here :)
imo

Mainuh

hotdog1012,
the thing that really makes all this maddening is Newton is under a gag order seemingly, which I understand, but don't like. The constant buying from retailers only to have the pps go down even more has discouraged me from buying more, which is what the mms want, but I'm not made of money, and I didn't get into this stock just to average down, but I've had to do that to an extent.
Since he can't speak it leaves a lot of doubt in a lot of minds rightfully so.
It boils down to do we believe the CEO, or not and only time will tell if he's on the up and up, hopefully he is and this resets on the uplist with no r/s.
The increase in the OS with no formal explanation except its all restricted doesn't cut it when the mm's are taking advantage of the increase obviously. I hope it bites them bad.
I am seriously thinking of pulling my cert here, may have to anyway because my broker don't trade in Canada.
Anyways, this is a roll of the dice at this point imo~

Mainuh

banchrima,
read what I posted carefully, I said "several hundred million" in my example, meaning more than 300 million, and the net of those contracts would be 300 million.
I could have phrased it better, saying something like 500 million gross and 300 million net, sorry if it confused you.
Remember, it's just an example, you might have interpeted it different in your understanding of the language.
Sorry for any confusion~

Mainuh

we are all probably holding to some degree or another
some naked shorted shares if the company is telling the truth about all these newly issued shares being restricted. This is not our problem, as always it would be our brokers problem and the mm's that created the shares during the daily trading. Before this gets taken off the US exchange then there will be an accounting of the shares out there, the DTC list will be compared to the nobo/obo lists, and if there is a discrepancy to the short side it will be 'bought-in' via a Rule 203(b) enforcement, aka the "fed margin call" that will get sent to the offending brokers and broker dealers, and they will have to cover the shares they sold short and/or naked, there is no way around this as long as the company doesn't sell them shares.
As long as there is no corporate changes such as a reverse split when this uplists then we will get 1 for 1 shares.
Our share counts cannot be changed otherwise, contrary to what some might think, that would be robbery and fraud, so it ain't happening.
No worries there imo, we get the same amount of shares when it uplists, unless a split changes it forward or reverse. Not saying there will be any split at all, I hope there isn't and according to BDM Newton say no r/s, so that's all we got at the moment.
imo

Mainuh

ThSeeker et al,
a good example is when a company moves from the pinks to the OTCBB. A market maker files a form 15c-211 after reviewing the company's financials and gets to trade the stock exclusively for thirty days upon approval of the uplist. That mm sets the price when it opens on the new exchange, and you can see this quite frequently on the Daily List for companies that uplist.
So in the case of RCCH, I would assume the move to the new exchange would go about the same way, and whatever mm that gets this stock will set the opening pps and support it from there.
If the company has some big dollar contracts signed and delivered, and has been audited for verification, then it could easily open a lot higher than where it is now based on the assets minus liabilities divided by the OS formula to get the book value of the stock, then if it is a growth company you can easily give it a growth-type multiple for a multiplier such as 5-40 depending on the industry, that's what the mm will do.
So let's throw out some easy math, say 300 million shares outstanding, and just for fun let's say several hundred million dollars in contracts to the company that nets them 300 million dollars after all is said and done. Then 300/300 = $1 pps for BV, a conservative multiple of 5, so 1 x 5 = $5 pps is possible after opening at $1..............
These figures are just my examples, not based on any verifiable fact, but you get my point. So resets do happen, but normally they are not as dramatic as the example I give.
imo

Mainuh

listen to this:
http://www.netcastdaily.com/broadcast/fsn2008-0621-3b.mp3

explains what I think is happening with RCCH, and how the naked short is being handled here, imo~

Mainuh

thanks for sharing those emails allez/martin,
nice to read/hear~

Mainuh

doubtful,
I've been thru several r/s's with Schwabozo and they get the new symbol quicker on average 1-2 days before AT and ST do, the new platform is much faster.
Of course they are 60+ million shares short, so coming up with actual shares might be a real problem for them r/s or not.
Anyways, I sent along your post to them and see what they say, I'm sure their compliance department wants to know what you say~
imo~

Mainuh

I like that combination hurley!
IMO, we won, finally, chalk one up for the good guys and Megas gets my vote for CEO of the year, again, lol~

Mainuh

and they all have to be bought back, lol!!!!
Rule 203, bring it on!

Mainuh